MIRA INFORM REPORT

 

 

Report Date :            

20.04.2011

 

 

IDENTIFICATION DETAILS

 

Name :

ENH INTERNATIONAL INC

 

 

Registered Office :

580 Fifth Avenue, New York, New York, 10036

 

 

Country :

United States 

 

 

Date of Incorporation :

02.07.1996

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Jewelry Wholesalers

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Enh International Inc

Address in the order:

580, Fifty Avenue, Suite 910, New York, NY-10036

Legal Name:

ENH INTERNATIONAL INC

Legal Address

580 FIFTH AVENUE, NEW YORK, NEW YORK, 10036, USA

Telephone:

+1 (212) 869-30 10

Document Number :

2044715

Fax:

+1 (212) 869-32 15

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

New York

Website:

NA

Date Created:

1996

Manager:

Eli Haas, President

Date Incorporated:

July 02nd, 1996

Staff:

04 employees

Stock:

200

 

 

Value:

No Par Value

Activity:

Jewelry Wholesalers.

 

 

BANKS

 

Name of the Bank

Merchants Bank

 

 

BUSINESS

 

HISTORY

 

ENH INTERNATIONAL, INC is a private company created in 1996 and based in New York.

 

PRINCIPAL ACTIVITY

 

ENH INTERNATIONAL INC is working as a jewelry wholesaler.

Products/Services description:

 

The company offers:

Watches

Necklaces

Rings

Precious Stones

Precious Metals

Sales are:

 

Wholesale

Clients:

 

Retailers

Operations area:

 

National, Local

The company imports from  China and India

The company does not export

Trade References:

 

Despite our searches, we could not identify any company's trade references.

The subject employs 4 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at:

580 FIFTH AVENUE, NEW YORK, NEW YORK, 10036, USA

Branches:

 

As far as we know, the company has no branches.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This company is privately held. Eli Haas is the major shareholder.

Management:

 

Eli Haas, President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Mr. Eli Haas who refused to provide us any financial data on grounds of confidentiality.

 

Currency

DATE

USD

2010 (Estimation)

Turnover

780,000

The cash flow is

Normal

 

Currency

DATE

USD

2009

Turnover

720,000

The cash flow is

Normal

 

Legal Fillings

 There is no UCC file listed with the Secretary of State of New York.

 

There are no legal filings listed with the District Court.

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

 

For information:

 

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

 

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America. 

 

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

 

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

 

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

 

 

Rating

 

Local credit bureau gave a correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

This is a small sized US company, with 4 employees and 15 years of experience.

 

Looking at the company's turnover for 2010, we can see that it has slightly increased.

 

Moreover, the profitability is correct and the length of payment remains regular.

 

There were no legal filings found against the company or its legal representatives.

 

We believe that the company can bear a credit line in the range of 13 000 USD

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Person Interviewed

 

ELI HAAS

Position

 

President

Comments

 

He was able to confirm the information in the report.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.68

UK Pound

1

Rs.72.56

Euro

1

Rs.63.53

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.